Good Day Traders!
I am here to check out another Forex Broker Website. I will be sharing with you some information about this Broker, not the first on my list, but it is one of the Top Forex Broker in the industry.
UFX is the trading name of Reliantco Investments Ltd, an investment company located in Cyprus, that is authorized and regulated by CySEC.
UFX was originally founded in 2007, but it was in 2011 that the brand became regulated in the EU. UFX also operates in agreement with the Markets in Financial Instruments Directive (MiFID).
Although there are some negative reviews about this Broker, we should still consider that it is a regulated one. And in any business, there will always be unsatisfied customers. We can’t really have it. But, at least those reviews will give you an idea, but then learn more about this company and you might want to give it a try.
Although UFX has been in business since 2007, many of its awards are recent. Such as The European 2015 FX Broker of the Year, The European 2015 Financial FX Director of the Year, and the UK Forex Awards 2015 Best Value Forex Broker.
UFX offers one of the most popular platforms currently available, the MetaTrader 4 trading platform. Although, UFX has restricted its use to UFX Gold and Platinum Account holders only. A significant deposit will have to be made, which can be slightly disappointing for other traders.
UFX Forex Brokers Offers Different Accounts for Different Traders:
- Mini – Minimum deposit of $500, and a minimum trading volume of $5,000
- Standard – Minimum deposit of $1,000, and a minimum trading volume of $10,000.
- Gold – Opening a gold account will require a minimum deposit of $5,000, and a minimum trading volume of $50,000.
- Platinum – For clients with $10,000 to invest and with a minimum trading volume of $100,000 there is a platinum account option.
- Islamic – For Islamic clients this account adheres to the principles of Islamic law regarding banking activity. The minimum deposit is $1,000 and minimum trading volume is $10,000.
UFX Offers Cashback with a Rewards Programme
“Earn Real Cashback For Every Position You Open.” Cashbacks are given with every trade made. There are also redeposit bonuses you can get, and a number of thrilling competitions with great prizes. This can be the only loyalty programme currently being presented in the world of Forex, so is certainly worth to try.
UFX offers a fixed spread of four pips on the EUR/USD, which is not really tempting. However, tighter fixed spreads are available for gold and premium account holders. Leverage can be as much as 1:200. Positions must be open for a minute or more and scalping is strictly prohibited.
They have wide range of trading instruments, although still limited. They have 32 currency pairings, and a range of stocks, indices and commodities available for trading.